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For example, 3/1 odds mean you profit three times the amount you wagered. AR$1 bet at 3/1 would pay outR$4 in total, or aR$3 profit and yourR$1 original wager. Conversely, 1/3 odds mean you profit a third of what you wagered. AR$30 bet on 1/3 odds would returnR$40 total, or aR$10 profit and yourR$10 original wager. If the odds were even (also represented as +100 in American sports betting), anR$11 bet would have a payout ofR$11 (so a total return ofR$22). But at -110 odds, anR$11 bet pays outR$10 (total return ofR$21). ------------------------------------------------------------------
The new treaty of 2024, however, legalized various forms of gambling online in Germany and set out strict regulations for gambling operators, including a ban on certain games, deposit limits, an advertising ban as well as mandatory ID-checks. The German Interstate Treaty on Gambling ( ISTG 2024 ) has allowed private operators to apply for licenses to offer sports betting, virtual slot machines (online simulations of terrestrial slot machine) and online poker since the year 2024. |
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